Ferrari crash may be world’s most expensive

In what may have been the most expensive auto accident in history, the American driver of a classic Ferrari 250 GTO that he bought seven years ago and is worth $31 million, crashed into another car in France, injuring three people including his wife.

Businessman Christopher Cox crashed during a July 6 parade of Ferraris near the town of Blois during a celebration of the 50th anniversary of the race car.

The blue-and-yellow car can be seen in this video at about the 41-second mark.

England’s Metro website reports Cox was en route to Le Mans in the convoy that included Pink Floyd drummer Nick Mason when the accident happened.

Metro reports Cox’s car rolled out of the Ferrari factory in April 1962.

One of only 39 ever built, the 174mph sports car sold for £6,000.

Initially red, it was resprayed blue with a yellow central stripe in 1963. Mr Cox bought it seven years ago.

The Los Angeles Times reports that 23 of the classic Ferraris were touring France, motoring from chateau to chateau for the 50th anniversary of the rarefied race car and finishing at the Le Mans Classic, according to Sports Car Digest.

It was not clear how badly the car was damaged. As word of the accident trickled out, Ferrari enthusiasts were glued to news, hoping the treasured car could be salvaged. The car crashed once before, in 1976, the Sun reported, but was fully restored before Cox bought it in 2005.